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7 Marketing Trends to That Will be HOT in 2009

An insider's perspective on the latest in biotech marketing trends to boost business during the coming year!

June 20, 2008
Rebecca Coleman

Throughout 2008, I've been watching and interpreting biotech marketing stats to give you tips for staying one step ahead during the coming year. With 2009 fast approaching, let's look at a summary of the hottest trends, from changes in populations that impact target audiences to alterations in traditional versus online online marketing. Here's the info you need on critical marketing trends and how to leverage them increase sales and business growth in 2009...

CONSUMER TRENDS

1. Asian Population GrowthThe Southern U.S. has experienced the fastest Asian population growth rate (31%), followed by the Midwest (24%), the Northeast (23%) and the West (19%), according to an analysis of Census Bureau data in the “American Community Survey.” With above average education levels, Asians also represent important prospects within the scientific community. Can you offer sales representatives able to connect with these individuals? Do your representatives understand cultural differences and recognize their preferences for communication and exchange? Tailor your service to appeal to this growing market and your company will benefit.

2. Word-Of-MouthWant to build buzz? Lucid Marketing's study, "U.S. Adults: Word of Mouth Communications," identified 3 verbally active groups that are likely to share positive product or business experiences with their peers. First, professional women are more likely than their male counterparts to recommend a product of company. Second, full-time scientists engage in considerably more discussion about professional needs than those who work part-time. Third, researchers earnings of more than $100,000 were more likely to make recommendations than those earning less. Can you focus your biotech marketing to win over these three "chatty" groups?

TRENDS IN TRADITIONAL MEDIA

3. Yellow PagesAccording to a study from the Montana group, marketers targeting younger researchers should transition away from print. Only 26% of recent entrants into professional research said they would turn to print catalogues first to find a business that provided a product or service their need. Instead, 52% said their first choice would be search engines. And, this trend is expected to continue to increase.

4. Simultaneous Media UsageThere's no longer such a thing as a captive media audience, since consumers are frequently following more than one form of media at any given moment. For instance, 73% of emploees surf online while on the phone, according to Jiives “Multiple Media Analysis.” It also found that nearly 38% listen to the radio while they do online work, and 58% bounce between reading print and digital sources when trying to access research data. This trend in multitasking on the job requires an integrated media approach, with increased emphasis on using multiple media channels to reach your target audience.

HOT ONLINE TRENDS

5. Web ConferencingAs business travel becomes increasingly challenging due to tight security, advance check-in times and airline delays, online workshops and meetings that require no travel are becoming increasingly high-demand. It’s more desirable than ever to demo your new product to a group or make a sales presentation without anyone having to leave their home lab/office. Participants should be able to watch your presentation on their computer monitors and hear you live through their speakers or phone. The utility of webinars is rapidly increasing and it is worth looking into low-cost providers of this technology.

6. Online ResearchWhether you sell exclusively online or primarily through your catalogue and phone lines, online search will have a profound impact on your sales in 2008. When researchers were asked how often they researched products online before buying them, 88% of nearly 8,250 respondents to a LabMethods “Buying Actions Survey” said they did so occasionally to regularly. Whether you sell online, off-line or both, you need a great website with meaningful, persuasive content that keeps your prospects and customers shopping on your site and purchasing products through your online check-out.

7. Local SearchWant to know where to invest your digital marketing dollars in 2007? Aspire for higher rankings in the top search engines. Sixty-two percent of searchers click on a link within the first page of results, according to a report from iProspect and Jupiter Research. To appear higher in search results, you can optimize your site by scattering in keyword phrases that your most desirable prospects will search for within your site, in your page descriptions and in your website code. You should also aim to get links to your site from other high traffic websites. Supplement this optimization process by using a paid search campaign. Local search campaigns are not offered by all major search engines (Google, Yahoo, & and Ask). They are often the most affordable and will bring traffic from your immediate market area in the New Year, allowing your sales representatives easier access for customer conversion.


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